New ! Commerce MCQ Practise Tests



11th Standard Commerce Indirect Taxation English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Who is the chairman of the GST council?

    (a)

    RBI Governor

    (b)

    Finance Minister

    (c)

    Prime Minister

    (d)

    President of India

  2. What kind of Tax the GST is?

    (a)

    Direct Tax

    (b)

    Indirect Tax

    (c)

    Dependence on the type of goods and services

    (d)

    All business organisations

  3. In India GST became effective from?

    (a)

    1st April, 2017

    (b)

    1st January, 2017

    (c)

    1st July, 2017

    (d)

    1st March, 2017

  4. GST is a _________ based tax on consumption of goods and services.

    (a)

    duration

    (b)

    destination

    (c)

    dividend

    (d)

    development

  5. What is the maximum rate prescribed under GST?

    (a)

    12

    (b)

    20

    (c)

    28

    (d)

    18

  6. Special provisions are there in the GST Act for the ___________ north-eastern states.

    (a)

    8

    (b)

    9

    (c)

    6

    (d)

    18

  7. Excise Duty is levied on_________ goods.

    (a)

    Manufacturing

    (b)

    Import

    (c)

    Sales

    (d)

    Income

  8. VAT Stands for____________.

    (a)

    Valuable Articles Tax

    (b)

    Varied Activity Tax

    (c)

    Value Added Tax

    (d)

    None of these

  9. Entertainment Tax is under__________.

    (a)

    Direct Tax

    (b)

    Indirect Tax

    (c)

    Income Tax

    (d)

    None of these

  10. Service Charges of____________ is not mandatory-says Government.

    (a)

    Sales

    (b)

    Workshop

    (c)

    Restaurants

    (d)

    None of these

*****************************************

Reviews & Comments about 11th Standard Commerce Indirect Taxation English Medium Free Online Test One Mark Questions 2020 - 2021

Write your Comment